StockNews.com Initiates Coverage on ZW Data Action Technologies (NASDAQ:CNET)

Analysts at StockNews.com assumed coverage on shares of ZW Data Action Technologies (NASDAQ:CNETGet Rating) in a research note issued to investors on Monday. The firm set a “sell” rating on the business services provider’s stock.

ZW Data Action Technologies Stock Down 0.2 %

CNET stock opened at $0.77 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.70 and a quick ratio of 2.70. The company’s 50 day simple moving average is $0.87 and its 200-day simple moving average is $0.66. The firm has a market capitalization of $27.45 million, a PE ratio of -4.26 and a beta of 1.49. ZW Data Action Technologies has a 12 month low of $0.28 and a 12 month high of $1.29.

ZW Data Action Technologies (NASDAQ:CNETGet Rating) last posted its quarterly earnings results on Friday, August 19th. The business services provider reported ($0.05) earnings per share for the quarter. The company had revenue of $6.95 million for the quarter. ZW Data Action Technologies had a negative return on equity of 10.44% and a negative net margin of 5.71%.

Institutional Investors Weigh In On ZW Data Action Technologies

A hedge fund recently raised its stake in ZW Data Action Technologies stock. Renaissance Technologies LLC grew its holdings in shares of ZW Data Action Technologies Inc. (NASDAQ:CNETGet Rating) by 771.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 144,697 shares of the business services provider’s stock after purchasing an additional 128,097 shares during the period. Renaissance Technologies LLC owned 0.41% of ZW Data Action Technologies worth $49,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.69% of the company’s stock.

About ZW Data Action Technologies

(Get Rating)

ZW Data Action Technologies Inc, through its subsidiaries, provides omni-channel advertising, precision marketing, and data analysis management systems in the People's Republic of China. It offers Internet advertising, precision marketing, and related data services through its Internet portals, including 28.com and liansuo.com that provide advertisers with tools to build sales channels in the form of franchisees, sales agents, distributors, and/or resellers.

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